Gabrielle Arsiaga/News-Sun Two female go-getters, one goal — teaching up and coming business owners how to run a business from the ground up. Women’s Economic Self Sufficiency Team, (WESST) held the “Go Latinas” event which brought in predominately women owned businesses from across Lea County to network, socialize, and build connections with one another to help push one another’s businesses …

By JANET McCONNAUGHEY and MATTHEW BROWN Associated Press NEW ORLEANS (AP) — President Joe Biden’s administration on Friday proposed up to 10 oil and gas lease sales in the Gulf of Mexico and one off the Alaska coast over the next five years — going against the Democrat’s climate promises but scaling back a Trump-era plan that called for dozens …

LONDON (AP) — OPEC and allied oil-producing countries decided Thursday to gradually increase the flows they send to the world, even as Europe’s plan to sanction Russian oil threatens to yank millions of barrels off a global market already thirsty for crude. The cautious approach from the OPEC+ alliance — which includes non-member Russia — will exacerbate a global energy …

For the News-Sun The count of active oil and gas drilling rigs in the Permian Basin posted its largest gain since January 2021 last week with the addition of nine rigs for a new total of 332, compared to 224 a year ago. That total is up 13.3 percent since starting the year with 293 rigs. As of April 8, …

Curtis Wynne/News-Sun Burkes Outlet will soon open in two Lea County locations. The apparel and accessories retail store plans ribbon cuttings at the Lovington Square on May 5 and at the Broadmoor Mall in Hobbs on June 2. Grand openings at 9 a.m. will immediately follow the 8:45 a.m. ribbon-cutting ceremonies each day at each location. Lovington Mayor David Trujillo …

Chris Phelan/Wealth of Geeks Inflation has taken over nearly every aspect of U.S. consumerism, and gas prices are no exception. The average price of a gallon of gas in the U.S. is at an all-time high of $4.43, significantly above the previous record of $4.11 set in 2008. Certain parts of the country are experiencing even higher prices: drivers in …

By STAN CHOE and ALEX VEIGA AP Business Writers NEW YORK (AP) — Technology companies led stocks broadly higher on Wall Street Tuesday, as oil prices slid sharply for the second day and inflation worries ebbed. The market rally came a day ahead of the Federal Reserve’s highly anticipated interest rate policy update. The S&P 500 rose 2.1%, ending a …

ALBUQUERQUE (AP) — New Mexico regulators started deliberations Thursday on another set of rules proposed by Gov. Michelle Lujan Grisham’s administration to crack down on pollution across the oil and natural gas sector. Their discussions came amid a rekindled national debate over domestic production as concerns grow over instability in the global energy market. The proposal before the state Environmental …

EXPLAINER: What does a US ban on Russian oil accomplish? By CATHY BUSSEWITZ and MATTHEW DALY Associated Press NEW YORK (AP) — With Russia intensifying its war on Ukraine, killing civilians and triggering a mass refugee crisis, President Joe Biden on Tuesday announced a U.S. ban on imported Russian oil. Critics of Russia have said that sanctioning its energy exports …

Nations agree to release 60M barrels of oil amid Russian war By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — The International Energy Agency’s 31 member countries agreed Tuesday to release 60 million barrels of oil from their strategic reserves — half of that from the United States — “to send a strong message to oil markets” that supplies …